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Dec 12, 2012
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hear why he says the fiscal cliff debate may not be about economics. >> the former governor of michigan will be here with his latest read on ceo sentiment. and how he feels about michigan now becoming a right-to-work state. more from the street when we come back. [ male announcer ] this is steve.
hear why he says the fiscal cliff debate may not be about economics. >> the former governor of michigan will be here with his latest read on ceo sentiment. and how he feels about michigan now becoming a right-to-work state. more from the street when we come back. [ male announcer ] this is steve.
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Dec 12, 2012
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optimism on the fiscal cliff being resolved. i'll tell you this, somebody's very wrong about 2013, because there's two camps that are quite at odds with each other right now. the first one i've been telling you about, it's been quat bearish on this. that the fiscal cliff will be a headwind for stocks. that this represents the start of a new american austerity, that higher taxes, lower spending is not bullish for the stock market in 2013. this group has been arguing, i've been saying this for two weeks, what this group wants, you buy into the fiscal cliff and then sell immediately after for some unspecified period. on the other side, and i think the majority is moderately bullish on 2013, most are clearing up policy issues in washington and europe, will help the stock market overall. jpmorgan, thomas lee, the s&p 500 he thinks is going to be up 13% in 2013. he set a price target of 1580 or so. that would be the old historic high. >> carl has the press release from berkshire hathaway now. >> december 12th, purchased 9,200 of the c
optimism on the fiscal cliff being resolved. i'll tell you this, somebody's very wrong about 2013, because there's two camps that are quite at odds with each other right now. the first one i've been telling you about, it's been quat bearish on this. that the fiscal cliff will be a headwind for stocks. that this represents the start of a new american austerity, that higher taxes, lower spending is not bullish for the stock market in 2013. this group has been arguing, i've been saying this for...
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Dec 13, 2012
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the fiscal cliff is hurting growth. house speaker john boehner expected to talk on the cliff talks 11 a.m. eastern time. >> told you this week, of course, they were talking actively, now, sprint/nextel offering to purchase the other half of clearwire it doesn't own. >> surges of best buy surging on reports that the founder is on the verge of making a formal takeover bid. >> and google maps has found its way back into apple's operating system. >> of course, we have to start off with the markets. dow's five-day winning streak has been snapped, despite the fed announcing a new round of stimulus. chairman ber bernanke say worries about the fiscal cliff are resulting in softer business environment and waning growth. members of congress told not to make plans for the christmas holidays, citing the urgency of striking a deal to avoid the fiscal cliff. the speaker set to given a update out state of negotiations with the white house in two hours. we will bring brink that to you live t did the mark it's job to deal of what happen
the fiscal cliff is hurting growth. house speaker john boehner expected to talk on the cliff talks 11 a.m. eastern time. >> told you this week, of course, they were talking actively, now, sprint/nextel offering to purchase the other half of clearwire it doesn't own. >> surges of best buy surging on reports that the founder is on the verge of making a formal takeover bid. >> and google maps has found its way back into apple's operating system. >> of course, we have to...
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Dec 6, 2012
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and then the fiscal cliff blame game, new data on who americans blame for the gridlock in washington plus is congressional leadership holding up negotiations in d.c.? former senator, co-chair of the campaign to fix the debt judd gregg is here with his take on that. the death cross is on for what was once the favorite name apple, shares rebounding back to 547. is this finally the opportunity to get in? alex gauna is an analyst with jmp securities. good to have you with us. >> good morning, thank you. >> a lot of discussion how technically some defenders say apple is exacting exactly as it should. do you see it that way? >> technically i think the dangerous thing is this stock forms a head and shoulders and i don't know where the support comes in, somewhere in the 400s. that's a key risk to the stock. i focus on the fundamentals. it's worrisome in the near term for apple. when there's a lot behind that, the relationship with samsung the frenemy relationship has gone to enemy. also the closing competitive gap between apple and rival products out there, so many of those that have subsidi
and then the fiscal cliff blame game, new data on who americans blame for the gridlock in washington plus is congressional leadership holding up negotiations in d.c.? former senator, co-chair of the campaign to fix the debt judd gregg is here with his take on that. the death cross is on for what was once the favorite name apple, shares rebounding back to 547. is this finally the opportunity to get in? alex gauna is an analyst with jmp securities. good to have you with us. >> good morning,...
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Dec 5, 2012
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could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth quarter because of these job cuts even though it expects them to generate $900 million in cost savings next year. interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts
could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth...
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Dec 11, 2012
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i'm steven ye, located in new york city. i'm annoyed. i'm annoyed with the fiscal cliff. we're looking at not knowing what's going to happen. we fall off this cliff, and everyone gets affected. there's no trickle-down effect, it's more like a slush. we will lose income. the question is, housm income are we going to lose. if we fall off the cliff, the fear is that we fall off the cliff. not slowly glide down the cliff. big government at this point needs to understand that we should be able to trust you to do the right thing. put politics aside. think about us, the people. that's why we have government. fix it. >> all right. we're looking at a triple-digit gain here on the dow at this hour. up 109 points, a game of 13 points there. the nasdaq really the outperformer up by 1.one and a third points. andy lapierre is managing director with the group. what happens in the next few days will determine whether or not we have a year-end rally. >> we're having a rally already, melissa. absolutely. the market -- the next few days will determine whether the market is correct in its wi
i'm steven ye, located in new york city. i'm annoyed. i'm annoyed with the fiscal cliff. we're looking at not knowing what's going to happen. we fall off this cliff, and everyone gets affected. there's no trickle-down effect, it's more like a slush. we will lose income. the question is, housm income are we going to lose. if we fall off the cliff, the fear is that we fall off the cliff. not slowly glide down the cliff. big government at this point needs to understand that we should be able to...
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Dec 7, 2012
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if the fiscal cliff has you nervous, this may be some relaxing news. as of midnight last night, washington is now the first state in the united states to legalize marijuana for adult recreational use, but the law is not without complications. jane wells is live in l.a. with more on that story. good morning, jane. >> hi, carl. lighting up in seattle is one thing. figuring out how these laws are going to work is another. pot possession may be legal in washington, but it will be another year before the state sets up the bureaucracy, creating a network of legal growers and retailers. they're going to have to set standards for thc. but what about pricing? the state is hoping to raise $600 million a year for pot and they say it could add 5% to gross state product by 2017. but ktlu reports the state's office of finance management says retail prices and medical pot clinics are already $3er gram higher than street prices and you add in taxes. are people going to pay more if they can get it for less. and in colorado, its pot law goes into effect next month but t
if the fiscal cliff has you nervous, this may be some relaxing news. as of midnight last night, washington is now the first state in the united states to legalize marijuana for adult recreational use, but the law is not without complications. jane wells is live in l.a. with more on that story. good morning, jane. >> hi, carl. lighting up in seattle is one thing. figuring out how these laws are going to work is another. pot possession may be legal in washington, but it will be another year...
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Dec 10, 2012
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is there a risk for america here over the fiscal cliff? last time when we had the debt ceiling discussion, in the wake of that, there were some very strong comments out from senior chinese officials, that china should think twice about buying american treasuries. do you think that is a response that could be similar, although it be only verbal, if we go over the fiscal cliff? >> well, i think certainly the senior chinese leadership has been watching the external demand picture very, very closely. i think they're looking for all sorts of potential risks as well, potential opportunities to pick up assets on the cheap. i think in terms of china's own policy itself, the most obvious thing is if indeed it falls off the fiscal cliff, or things in europe, et cetera, we think they're likely to further loosen. however, if that doesn't happen, we think that the stage of loosening is more or less done for now. if there is further loosening policy, we think fiscal policies are likely to be the first line of defense before they resort to property polic
is there a risk for america here over the fiscal cliff? last time when we had the debt ceiling discussion, in the wake of that, there were some very strong comments out from senior chinese officials, that china should think twice about buying american treasuries. do you think that is a response that could be similar, although it be only verbal, if we go over the fiscal cliff? >> well, i think certainly the senior chinese leadership has been watching the external demand picture very, very...